FIS API Blog
Oil Extends Sixth Monthly Gain as EU Set to Curb Russian Supply Oil headed for the longest run of monthly gains in more than a decade as European Union leaders agreed to pursue a partial ban on imports of crude from Russia while China further eased anti-virus curbs, aiding demand. Brent crude neared $123 a …
Continue reading “Crude Hit A Two-month High On EU Ban And China Reopening 31/05/22”
Iron Ore Rises With Copper on China’s Waning Virus Outbreak Iron ore headed for its highest close in three weeks as industrial materials gained on hopes that China’s easing of virus curbs will herald a demand recovery. Beijing relaxed movement restrictions in several districts as new local cases in the capital declined to only …
Continue reading “Iron ore headed for three weeks high as China starts to reopen 30/05/22”
Asian Coal Prices Extend Record-Breaking Rally on Indian Demand Asia’s coal benchmark rallied to the highest on record as India — a top consumer of the power plant fuel -moved to secure shipments, tightening supplies in the region. Spot physical coal at Australia’s Newcastle port jumped 1.6% to a record $398.75 a ton on …
Continue reading “Asian Coal Prices rallied to a record high as India secured shipment 30/05/22”
Verdict – Short-term neutral. DCE iron ore September rebounded significantly during the day, however with flat volume. Hourly MACD narrowed above 0 axis. Hourly slow stochastic KD created dead cross and corrected to neutral area. Hourly CCI entered neutral area. Short-run technical signals were indicating exhaustion. The return to bullish need to confirm an …
Continue reading “Iron Ore DCE September Daily Technical Review 30/05/22”
Market Verdict on Iron Ore： • Neutral. Macro • Shanghai government issued a note to accelerate economy recovery including 50 rules of financial relief. Cancel “white list on resumption” and restrictions of work resumption from June 1st. Allocate a one-time 10,000 yuan subsidy on replacement from fuel vehicles to new energy vehicles. Implement the …
Verdict – Short-term neutral to bullish. DCE iron ore September rebounded massively with narrowing volume, indicating market reversed to bullish sentiment after defend the 800- 806.0 level with significant huge volume yesterday. Hourly MACD increased above 0 axis. Hourly slow stochastic KD entered overbought area. Hourly CCI current moved in the bullish territory. Technical …
Continue reading “Iron Ore DCE September Daily Technical Review 27/05/22”
Market Verdict on Iron Ore： • Neutral to bullish. Macro • China Ministry of Commerce: at present, logistics disruption is gradually improving. Ensure domestic transportation of foreign trade goods and continue to alleviate the pressure of international logistics. • U.S. FOMC in May notes: most of the federal officials supported 50 basis points hike …
Verdict – Short-term neutral. DCE iron ore September tested low at 806.0 level, and rebound with expanding volume, indicating the strong support in 800 – 806.0 area. The price movement fell in the neutral expectation previously. The effective rebound requires to breakthrough 856.0 level. Hourly MACD potentially create gold cross in next session. Hourly …
Continue reading “Iron Ore DCE September Daily Technical Review 26/05/22”
Market Verdict on Iron Ore： • Neutral. Macro • The general office of the State Council issued the opinions on expanding effective investment, including big infrastructure projects. Promote the healthy development of real estate investment trusts (REITs) . • China PM Li Keqiang: gurantee the Q2 economy growth and decrease unemployment rate. • …
Verdict – Short-term neutral. DCE iron ore September rebounded during the day, recovering the bearish sentiment yesterday. However the volume of current two days were both smaller than Monday, indicated the 884.0 potentially become a periodic high with strong resistance level. Hourly MACD narrowed below 0 axis. Hourly CCI left bearish territory. Technical signals …
Continue reading “Iron Ore DCE September Daily Technical Review 25/05/22”
